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RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

A commercial real estate company says it has successfully delivered a cumulative return on investment of more than 22 percent to full-term investors in a student housing project in Texas, according to a release.

National Asset Services (NAS), a commercial real estate company, has successfully delivered a cumulative return on investment of over 22% to full-term investors in Gateway at Huntsville, a student housing property serving students enrolled at Sam Houston State University.

NAS spearheaded an effective exit strategy that resulted in the recent sale of the property on behalf of a nineteen member, Tenant-in-Common (TIC) group.

The 20 Best Buy Cities for Growth

Forbes recently teamed up with National REIA preferred vendor Local Market Monitor to come up with the top 20 markets where population, jobs and home prices are growing – in fact, Local Market Monitoring expects home prices for cities on this list to grow by at least 17% by 2020. Click here to read more.

Age of Housing Stock by State

Using data from the 2015 American Community Survey, the NAHB’s Eye on Housing blog recently discussed how the average owner-occupied home in the U.S. is 37 years old and that the age of housing stock is not evenly distributed across the country. Click here to read more.

Commercial real estate executives are especially bullish on industrial, infrastructure and multifamily properties going into 2017, based on a hypothetical survey that asked them where they would invest $1 billion.

New Arizona Law Makes State Friendly to Short-Term Rentals

CNET is reporting that a new law in Arizona effectively makes the state extremely friendly to short-term rental sites such as Airbnb. The new law, which preempts local ordinances, removes any limits to the number of properties that can be rented out as well as any restrictions on the number of days they can be rented. Click here to read more.

I have held many discussions with investors, builders, buyers and sellers heading into 2017, and their consensus, as well as everything I have read, leads me to this conclusion:

Real estate investing over the next three years will bring slow and steady increases similar to what we saw in 2016.

Now you may be thinking we are navigating unchartered territories with all the changes happening in the political scene. You may see a mixed bag of information making it difficult to assess your investment strategy.

Many are asking, “Why do so many people have such a different perspective on what the market for real estate will look like?”

Private Eyes Watching Airbnb Users

News site Bloomberg has a story about how private eyes (investigators) have been deployed by various parties to spy on home-sharing services like Airbnb to either settle a grievance or catch landlords running afoul of local laws & ordinances – or both. Click here to read more.

NAR’s Housing Expectations for 2017

The National Association predicts that existing home sales will reach 5.52 million, the average price of a home will be $243k and 2017 will end with mortgage rates hovering around 4.6%. Click here to read more.

Luxury condos, The Greens at Ventana Canyon in Tucson’s Catalina Foothills, have been sold for $4.9 million to a Calfiornia-based entity, according to a release from ABI Multifamily.

The property, originally built in 1986 and converted to condominiums in 2006, features spacious 1, 2 and 3-bedroom units with a weighted average size close to 1,000 square feet. Unit features include full-size washer/dryer (all units), fireplaces (select units) and direct access 1, 2 car garages (just under half of all units). The sale price was $92,444 per unit, or $88.45 per square foot, of the 54-unit (of 265 total units), according to the release.

The Greens at Ventana Canyon sit on nearly 11-acres of land in the Catalina Foothills, with 27 total buildings and a dedicated leasing center/clubhouse.

Housing Starts & Permits Down in November

The Commerce Department reported that privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,201,000. This is 4.7% below October’s rate of 1,260,000 and is 6.6% below November 2015. Single-family authorizations in November were at a rate of 778k; this is 0.5% above October’s figure of 774k. Authorizations of units in buildings with five units or more were 384 in November. Click here to read more.